1346 Anderson HwyPowhatan, VA 23139

Property Details for 1346 Anderson Hwy

Year built

1998

Lot size

1.12 AC

Property size (Sq ft)

3,600 SF

Zone code

CC

Property type

Mixed-use properties

Property subtype

Other industrial properties

APN

043-36C

APU

04336C

Description

This exceptional investment opportunity encompasses two commercial properties situated on Anderson Highway in the thriving Powhatan, Virginia retail submarket. The offering includes two parcels totaling approximately 2.12 acres. One parcel, located at 1346 Anderson Highway, features a 3,600 square foot automotive shop building situated on 1.12 acres. The second parcel, at 1348 Anderson Highway, houses a 2,925 square foot occupied building on 1 acre. Both properties benefit from high daily traffic counts on Anderson Highway, providing excellent visibility and accessibility. The location offers convenient access to Route 288 and Westchester Commons, further enhancing its appeal. The property also presents the opportunity for pylon signage, maximizing marketing potential. This is a rare chance to acquire a well-positioned retail investment in a rapidly growing area. The asking price for both properties is $1,700,000. This represents a compelling investment opportunity in a prime Powhatan location. The properties are located in Powhatan County, Virginia, zip code 23139.

• CAP approach

  CAP return

  Valuation

  6%

  $941,712

  6.5%

  $869,272

  7%

  $807,181

• Comparable approach

  Method

  Valuation

  Relative Method

  $931,916

  Geo Method

  $931,916

• Alternative Use

  Use

  Valuation

  Residential

  $869,272

  Hospitality

  $796,249

  Educational

  $662,470

  Medical

  $685,253

  Retail

  $1,030,508

Location Insight

City

Powhatan

County

Powhatan

State

Virginia

Latitude

37.507

Longitude

-77.7351

CBSA code

40060

CBSA name

RICHMOND, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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